Credit Card Advice - Page 2

|Zach| · 10-16-2006, 09:16 PM

I have held off on credit cards for good long while now but I need to establish some credit. I think it would help out here and there to have a CC.

What is my best choice?

Not really best choice as much as most responsible choice credit card wise. There are a shit ton of options out there. Any advice?

beavis · 10-16-2006, 10:39 PM

Quote:

Originally Posted by dtebbe

Amex Blue Cash is hands down the best card out there right now. No annual fee and the best cash-back rates available. My wife and I both have one and use it instead of cash or checks everywhere, then pay the bill in full at the end of the month. Last year we got over $700 cash back. And Amex is a great company to deal with if you ever have a problem.

That's pretty similar to the Discover gas card, but slightly better I believe. I'll have to look into it.

Unless you're responsible enough to pay off the balance each month, don't get one. It's real easy to fall into having huge balances on several cards.

The ONLY reason I use them now is for the rewards. It's hard to turn down free money.

**Skip Towne** · 10-16-2006, 10:48 PM

If you've never had a credit card, it might be smart to get a debit card first. They are kind of like a practice credit card. There is no chance of running up a bill you can't pay but they have many of the advantages of a credit card. Retailers can't tell the difference and you can pay bills or make purchases online or by phone. Also, nobody can steal it and run up huge bills with it. Just an idea.

Brock · 10-16-2006, 10:48 PM

If you absolutely must fall for the "establish credit" scam, get a credit card for a store that you use a lot, like Lowe's or Wal Mart. There is no reason on earth good enough to own a visa or a mastercard.

|Zach| · 10-16-2006, 10:49 PM

Quote:

Originally Posted by Skip Towne

If you've never had a credit card, it might be smart to get a debit card first. They are kind of like a practice credit card. There is no chance of running up a bill you can't pay but they have many of the advantages of a credit card. Retailers can't tell the difference and you can pay bills or make purchases online or by phone. Also, nobody can steal it and run up huge bills with it. Just an idea.

I have had a debit for a while now.

SLAG · 10-16-2006, 10:50 PM

Quote:

Originally Posted by Brock

If you absolutely must fall for the "establish credit" scam, get a credit card for a store that you use a lot, like Lowe's or Wal Mart. There is no reason on earth good enough to own a visa or a mastercard.

good point

i would advise aganst target

**The Bad Guy** · 10-16-2006, 10:55 PM

Get an American Ex. or Discover Card.I currently have 2 cards from citi and an Amex with about 7 grand in charges on them. I refuse to pay interest though. Both have two years free of interest. 4 grand of that is a private student loan that had a 12% interest rate.You just have to be smart. If they have 0% for a while, take advantage of it as long as you're smart about it.I have a settlement hopefully coming back from GM so I can pay it completely off.

elvomito · 10-16-2006, 11:32 PM

here's a trick to give you great credit fast...
if you know someone like a parent or grandparent with a great credit score, they can add you to one of their longstanding perfect credit accounts and you'll inherit their credit history for that account. just give them the extra card so they know you won't charge anything and you're off to a great start.

Miles · 10-16-2006, 11:40 PM

Quote:

Originally Posted by Brock

If you absolutely must fall for the "establish credit" scam, get a credit card for a store that you use a lot, like Lowe's or Wal Mart. There is no reason on earth good enough to own a visa or a mastercard.

If you pay it off on time I can't think of much of a reason why not to have a major credit card. Nice to have on hand in case of emergency and they have better consumer fraud protection than debit cards.

**luv** · 10-17-2006, 12:08 AM

My first credit card was a Capitol One. I still have it.

**luv** · 10-17-2006, 12:10 AM

Quote:

Originally Posted by Brock

If you absolutely must fall for the "establish credit" scam, get a credit card for a store that you use a lot, like Lowe's or Wal Mart. There is no reason on earth good enough to own a visa or a mastercard.

I've been getting tons of offers for gas cards. If you plan on driving back and forth to KC a lot, maybe one of those would be a good choice.

**007** · 10-17-2006, 12:20 AM

Quote:

Originally Posted by Simplex3

Do a Discover and then a Visa/MC for a backup. Don't take anything with fees, let them get their % from the retailer (which they all do).

The key with credit cards is to pay them off at the end of every month. Every time. Don't let yourself start carrying balances, it will lead to ruin.

What he said.

mrub4 · 10-17-2006, 12:43 AM

The day I turned 18 I was approved for a Yahoo! visa card, I believe they were with FirstUSA Bank. It was unsecured with no fees, and a 9.99% interest rate.

Just BE RESPONSIBLE with it. Everyone will say that about getting your first card, and there's a reason. After a few months I had three cards, racked up a decent sized debt, and lost my job. Now five years later I've finally gotten to a point where I've recieved offers for a (secured) card with no fees... and a 21% interest rate.

greg63 · 10-17-2006, 01:05 AM

Visa
Mastercard
Discover
Capital One

greg63 · 10-17-2006, 01:07 AM

Quote:

Originally Posted by kcchiefsguru

What he said.

Yep; and...

Quote:

Originally Posted by mrub4

The day I turned 18 I was approved for a Yahoo! visa card, I believe they were with FirstUSA Bank. It was unsecured with no fees, and a 9.99% interest rate.

Just BE RESPONSIBLE with it. Everyone will say that about getting your first card, and there's a reason. After a few months I had three cards, racked up a decent sized debt, and lost my job. Now five years later I've finally gotten to a point where I've recieved offers for a (secured) card with no fees... and a 21% interest rate.

Yep!

DenverChief · 10-17-2006, 01:33 AM

Quote:

Originally Posted by Simplex3

If someone takes cards you can be sure they take Visa.

Actually I called Xcel Energy the other day (the local power company

) and tried to pay with my Visa debit card and they said they no longer accept Visa becasue they Charge around $8 per card transaction to the "retailer" versus $4 for Mastercard or Discover...I was pretty dumbfounded....mastercard anyone?

10-16-2006, 09:16 PM
\|Zach\| For The Glory Of The City Join Date: Sep 2002 Location: Kansas City Casino cash: $5316768	Credit Card Advice I have held off on credit cards for good long while now but I need to establish some credit. I think it would help out here and there to have a CC. What is my best choice? Not really best choice as much as most responsible choice credit card wise. There are a shit ton of options out there. Any advice?
Posts: 53,435

10-16-2006, 10:48 PM	#17
Skip Towne Supporter Join Date: Apr 2001 Location: T-Town Casino cash: $10004900	If you've never had a credit card, it might be smart to get a debit card first. They are kind of like a practice credit card. There is no chance of running up a bill you can't pay but they have many of the advantages of a credit card. Retailers can't tell the difference and you can pay bills or make purchases online or by phone. Also, nobody can steal it and run up huge bills with it. Just an idea.
Posts: 69,689

10-16-2006, 10:48 PM	#18
Brock Say hello to my little friend Join Date: Aug 2000 Location: Larryville Casino cash: $9598422	If you absolutely must fall for the "establish credit" scam, get a credit card for a store that you use a lot, like Lowe's or Wal Mart. There is no reason on earth good enough to own a visa or a mastercard.
Posts: 47,314

10-16-2006, 10:55 PM	#21
The Bad Guy Scott Pioli Join Date: Jan 2001 Location: The Copacobana Casino cash: $9373645	Get an American Ex. or Discover Card.I currently have 2 cards from citi and an Amex with about 7 grand in charges on them. I refuse to pay interest though. Both have two years free of interest. 4 grand of that is a private student loan that had a 12% interest rate.You just have to be smart. If they have 0% for a while, take advantage of it as long as you're smart about it.I have a settlement hopefully coming back from GM so I can pay it completely off. __________________
Posts: 23,212

10-16-2006, 11:32 PM	#22
elvomito ☻☺ Join Date: Nov 2003 Location: ♠█♠ Casino cash: $10004900	here's a trick to give you great credit fast... if you know someone like a parent or grandparent with a great credit score, they can add you to one of their longstanding perfect credit accounts and you'll inherit their credit history for that account. just give them the extra card so they know you won't charge anything and you're off to a great start.
Posts: 2,362

10-17-2006, 12:08 AM	#24
luv MY LITTLE #15 Join Date: Dec 2004 Location: Springfield, MO Casino cash: $6239600	My first credit card was a Capitol One. I still have it.
Posts: 63,427

10-17-2006, 12:43 AM	#27
mrub4 Starter Join Date: Oct 2004 Location: Saratoga, NY Casino cash: $9994902	The day I turned 18 I was approved for a Yahoo! visa card, I believe they were with FirstUSA Bank. It was unsecured with no fees, and a 9.99% interest rate. Just BE RESPONSIBLE with it. Everyone will say that about getting your first card, and there's a reason. After a few months I had three cards, racked up a decent sized debt, and lost my job. Now five years later I've finally gotten to a point where I've recieved offers for a (secured) card with no fees... and a 21% interest rate.
Posts: 79

10-17-2006, 01:05 AM	#28
greg63 Homer go crazy!!! Join Date: Nov 2003 Location: SE Kansas Casino cash: $9324990	Visa Mastercard Discover Capital One __________________
Posts: 17,566